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Morgan County/Paw Paw/25434

25434

ZIPSAFMR
Morgan County, WV
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$1,020$1,020
1 BR$1,130$1,130
2 BR$1,420$1,420
3 BR$1,770$1,770
4 BR$2,380$2,380
5 BR$2,737Not available
6 BR$3,148Not available
7 BR$3,620Not available
8 BR$4,163Not available

Purchase Price Calculator

Maximum purchase price
$149,095

Cost breakdown

+Likely effective rent$1,420
HUD FMRUsed$1,420
Market rentN/A
Est. payment standardN/A
-Principal and interest-$754
Loan amount$119,276
Down payment$29,819
Rate6.50%
Term30 years
-Operating costs-$466
Property taxes-$149
Insurance-$175
Utilities$0
HOA$0
Management-$142
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,937(76.9% ROI)
Projected value
$160,559
Return breakdown
Property appreciation+$11,464
Loan principal paid down+$4,273
Rental cash flow+$7,200
5-year hold
+$39,213(131.5% ROI)
Projected value
$168,687
Return breakdown
Property appreciation+$19,592
Loan principal paid down+$7,621
Rental cash flow+$12,000
10-year hold
+$83,918(281.4% ROI)
Projected value
$190,854
Return breakdown
Property appreciation+$41,759
Loan principal paid down+$18,158
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 25434 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 25434 (Paw Paw, WV) is $1,420 a month. That is unchanged from FY 2026. Paw Paw is in the Morgan County, WV HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $979. Among 4 ZIP codes in Morgan County, 25434 is tied for the highest two-bedroom rent (county range $1,110–$1,420). The median county two-bedroom FMR in West Virginia is $955, so ZIP 25434 is 49% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 25434
BedroomsFY 2027Change90–110% range
Studio$1,020+3.0%$918–$1,122
1BR$1,1300.0%$1,017–$1,243
2BR$1,4200.0%$1,278–$1,562
3BR$1,770+0.6%$1,593–$1,947
4BR$2,3800.0%$2,142–$2,618

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 25434
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,130$1,420$1,770$2,380
FY 2026$990$1,130$1,420$1,760$2,380
FY 2025$890$1,000$1,260$1,570$2,120
FY 2024$800$870$1,110$1,400$1,840
FY 2023$790$790$1,010$1,300$1,700

Two-bedroom rent in nearby Morgan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 25434
25411$1,110−21.8%
25422$1,4200.0%
25427$1,210−14.8%
25434Current$1,420—

Questions about ZIP 25434 rents

How much will Section 8 pay for a two-bedroom in ZIP 25434?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $979, which applies unless the housing authority uses Small Area FMRs, that basic range is $881 to $1,077 a month; under the ZIP-level Small Area FMR of $1,420 it would be $1,278 to $1,562. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 25434 in?

ZIP 25434 is in the Morgan County, WV HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $979.

How much did fair market rent change in ZIP 25434 for FY 2027?

The two-bedroom FMR was unchanged at $1,420 in FY 2027. Since FY 2023 it has risen 40.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentPaw Paw, WV fair market rentWV statewide rentsWhat is SAFMR?Data sources